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Chart from OrangeTee

Chart of the day: 99.9% of ECs sold made a gross profit averaging around $300k

Most ECs sold for a profit of $100k to less than $400k.

This chart from OrangeTee shows how much executive condominiums (ECs) were resold, with most profits between $200k to $300k.

The chart also shows that the most number of ECs sold for a profit had a holding period of fewer than 10 years.

ALSO READ: New home sales unhindered by rising mortgage rates

Christine Sun, Senior Vice President of Research & Analytics at OrangeTee said that almost all or 99.9% of executive condominiums sold between 2007 to 21 August 2022 were resold for a gross profit averaging around $300k each. 

Of this number, 294 units yielded a gross profit of at least $500keach. In 2021, the gross profit of a Tampines resale EC hit a record $1.38m whilst another unit at Choa Chu Kang was resold for a gross profit of $1.02m. 

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